The project forms a part of Royal Road’s Strategic-Alliance agreement with Hemco Mineros Nicaragua and is located in the highly prospective Golden Triangle of northeastern Nicaragua, a region that has produced some eight million ounces of gold since the early 1900’s. Hemco Mineros Nicaragua also own and operate the Bonanza gold mine which is located approximately 26 kilometers to the northwest of Luna Roja. In 2019, Royal Road and Hemco completed an initial 17-hole (2472 meter), scout drilling program at Luna Roja. This was the first drilling program to be completed on the project. Promising results included; LR-DDH-3, 49m at 2.8 g/t gold (including 22m at 5.3 g/t gold); LR-DDH-12, 49m at 2.4 g/t gold, (including 18m at 5.4 g/t gold) and LR-DDH-016, 69m at 1.5 g/t gold (including 15m at 2.5 g/t gold).

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